Tag #Economy

pt.euronews.com
🌐 90% Global Worthiness
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Trump's $500 Billion AI Investment Sparks Market Volatility

President Trump announced a $500 billion AI infrastructure investment called "Stargate", involving OpenAI, Oracle, and Softbank, to bolster US leadership in AI development against China, prioritizing fossil fuels over renewable energy, causing mixed market reactions.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
us.cnn.com
🌐 90% Global Worthiness
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Stargate Project: $100 Billion US AI Infrastructure Investment Announced

OpenAI, SoftBank, and Oracle announced a $100 billion (with potential expansion to $500 billion) project called Stargate to build AI infrastructure in the US, creating 100,000 jobs, aiming to surpass China in AI development, and potentially securing US national security.

Progress

60% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 90% Global Worthiness
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Trump's Return: Investigations Replace Immediate Tariffs, Uncertainty Remains

On his first day back in office, President Trump initiated investigations into unfair subsidies and currency manipulation by China, Europe, Mexico, and Canada, instead of imposing immediate import tariffs as previously threatened, causing initial market relief but also uncertainty.

Progress

48% Bias Score

Reduced Inequality
nbcnews.com
🌐 90% Global Worthiness
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Goldman Sachs Deploys Generative AI Assistant, Potentially Impacting 200,000 Finance Jobs

Goldman Sachs is rolling out a generative AI assistant to 10,000 employees, aiming for company-wide access this year; the tool will initially handle tasks like email summarization and code translation, eventually evolving to perform complex tasks autonomously, potentially impacting up to 200,000 job...

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 90% Global Worthiness
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EU Vows Proportionate Response to Potential US Tariffs

The EU will proportionately retaliate against any U.S. tariffs, as stated by its economy commissioner, highlighting the risk of global economic downturn if U.S.-EU trade relations deteriorate; in 2023, the EU exported over \$522 billion in goods to the U.S., exceeding imports.

Progress

36% Bias Score

Decent Work and Economic Growth
gr.euronews.com
🌐 85% Global Worthiness
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Europe's Unity and Self-Reliance in Response to Trump Presidency

At a Euronews event in Davos, European leaders discussed bolstering unity and competitiveness amidst President Trump's inauguration, emphasizing increased defense spending, digital investments, and deeper integration to counter potential US isolationism.

Progress

36% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 90% Global Worthiness
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Trump Threatens Tariffs, Reverses Green Energy Funding

President Trump threatened 10% tariffs on Chinese goods starting February 1st, citing fentanyl trafficking, and also plans tariffs on the EU due to a $350 billion trade deficit; he also halted $300 billion in green energy funding and withdrew from the global minimum corporate tax agreement, while la...

Progress

48% Bias Score

Reduced Inequality
faz.net
🌐 90% Global Worthiness
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Stargate: $500 Billion AI Data Center Project Launched

OpenAI, Oracle, and Softbank announced a $500 billion, four-year initiative called Stargate to build AI data centers in Texas, led by Masayoshi Son, aiming to secure US AI leadership and create hundreds of thousands of jobs, with potential energy consumption concerns.

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 90% Global Worthiness
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Mercuria-Backed $1.5 Billion Initiative to Protect the Amazon

Backed by Mercuria, a $1.5 billion initiative called "Race to Belém" will sell carbon credits to protect the Amazon rainforest, working with Brazilian states, farmers, and local communities to prevent deforestation, starting immediately and expanding over 3-5 years.

Progress

36% Bias Score

Climate Action
theglobeandmail.com
🌐 90% Global Worthiness
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Trump Delays Tariffs, Threatens New Duties on China and EU

On February 1, President Trump threatened 10% tariffs on Chinese imports due to fentanyl trafficking and additional tariffs on the European Union for trade imbalances, delaying previously announced tariffs on Canada and Mexico, citing 300 daily fentanyl overdose deaths in the U.S. as justification.

Progress

60% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Trump's "America First" Agenda Threatens EU with Trade War

President Trump's renewed "America First" policy threatens the EU with potential tariffs on imported goods, prompting concerns of a trade war and highlighting the need for EU unity to maintain competitiveness and the strong transatlantic relationship.

Progress

40% Bias Score

Decent Work and Economic Growth
tr.euronews.com
🌐 85% Global Worthiness
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EU Diversifies Trade to Counter US Tariff Threats

The EU is rapidly forging new trade deals with Mexico, Malaysia, India, Mercosur, and Switzerland to counteract potential US tariffs, seeking to diversify export markets and mitigate economic risks.

Progress

36% Bias Score

Decent Work and Economic Growth